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Nat. Insurance Contributions

2008/09 Class 1 (Earnings Related)

EmployeesNot contracted outContracted out
Weekly earnings

First £105NilNil
On balance up to £77011%9.4%
Over £7701%1%

EmployersNCOSRSMPS
Weekly earnings


First £105NilNilNil
On balance up to £77012.8%9.1%11.4%
On balance Over £77012.8%12.8%12.8%

Employees' rates are reduced to 4.85% for married woman and widows with valid certificates of election but the 1% charge above £770 still applies. Rates are nil for men over 65 and women over 60. Normal employers' contributions are still payable.

Employers receive a rebate of 3.7% for salary-related schemes and 1.4% for money purchase schemes on earnings from £90 to £105 per week. A rebate of 1.6% on earning from £90 to £105 per week is given to employees (or employers where insufficient contributions have been paid for offset).

Class 1A and Class 1B-12.8%

Class 2 (Self-employed)-Flat rate £2.30 a week. Small earnings exemption £4,825 a year.

Class 3 (Voluntary contributions)-£8.10 a week.

Class (self employed)-8% of profits between £5,435 and £40,040 a year. 1% of profits above £40,040 a year.
 
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